Progressive Corp. (PGR) concluded trading on Wednesday at a closing price of $187.95, with 3.43 million shares of worth about $645.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.97% during that period and on Wednesday the price saw a gain of about 3.22%. Currently the company’s common shares owned by public are about 585.30M shares, out of which, 583.58M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 49 times over the past 12 months. They bought 72,847 shares in 16 of the transactions. In 33 selling transactions, insiders dumped 190,464 shares.
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Stock saw a price change of 3.17% in past 5 days and over the past one month there was a price change of 11.99%. Year-to-date (YTD), PGR shares are showing a performance of 18.52% which increased to 35.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $110.92 but also hit the highest price of $184.91 during that period. The average intraday trading volume for Progressive Corp. shares is 2.25 million. The stock is currently trading 5.73% above its 20-day simple moving average (SMA20), while that difference is up 12.23% for SMA50 and it goes to 29.51% higher than SMA200.
Progressive Corp. (NYSE: PGR) currently have 585.30M outstanding shares and institutions hold larger chunk of about 86.92% of that.
The stock has a current market capitalization of $110.01B and its 3Y-monthly beta is at 0.33. PE ratio of stock for trailing 12 months is 28.55, while it has posted earnings per share of $6.58 in the same period. Its PEG reads 1.10 while making debt-to-equity ratio of 0.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PGR, volatility over the week remained 1.73% while standing at 1.76% over the month.
Analysts are in expectations that Progressive Corp. (PGR) stock would likely to be making an EPS of $Petroleo Brasileiro S.A.- Petro in the current quarter, while forecast for next quarter EPS is $16.92 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Pagaya Technologies Ltd. which is $Permian Resources Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Progressive Corporation (The) in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 42.69% while it is estimated to increase by 17.36% in next year. EPS is likely to grow at an annualized rate of 26.00% for next 5-years, compared to annual growth of 8.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 10, 2024 offering a Market perform rating for the stock and assigned a target price of $174 to it.
